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Home » Energy and Power » Microbial Enhanced Oil Recovery Market Size, Share, Trends, and Forecast 2024-2032

Microbial Enhanced Oil Recovery Market By Type (Biosurfactants, Biopolymers, Bio-solvents, Microbial Flooding, Selective Plugging); By Microorganism Type (Indigenous Microorganisms, Exogenous Microorganisms); By Application (Onshore Oil Fields, Offshore Oil Fields); By Geography, Segment revenue estimation, Forecast, 2024-2032.

Published On: SEP-2024   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 61307892

The microbial enhanced oil recovery (MEOR) market in 2023 was worth USD 1.34 billion and is expected to be worth USD 2.82 billion by 2030, expanding at a CAGR of 9.75% during the forecast period.

 

The driving force in the microbial enhanced oil recovery (MEOR) market is the need of oil companies to boost the extraction of mature and declining oil reserves. About 70% of global oil resources are located in mature oil fields, which means the conventional methods of hydrocarbon production lead to the loss of a large share of resources. MEOR provides a unique and economic method of boosting the Courier recovery rates by approximately 15%. A recent example involves the use of MEOR in fields in the Middle East, where certain microbes are utilized to thin down the viscosity of crude oil, thereby enhancing flow and recovery. Further, the increasing demand for a more sustainable means of extracting oil has spurred advancements in biotechnological tools like granting specific microbes to certain reservoir environments, which enhances the application of MEOR in the industry.

 

The MEOR market has a vast opportunity to expand the usage of the already depleted and, more than ever, sixty percent of the global oil field. MEOR can recover up to 15% of the original oil in place and is considered more economical than other techniques such as water flooding and chemical EOR. For instance, MEOR is currently being implemented in some oil fields in North America due to the inefficiency of conventional methods in producing heavy oil reservoirs. A recent development involves creating fine-tuned microbial consortia to the prevailing reservoir conditions so as to improve oil recovery and lower interfacial tension. A recent development includes the use of advanced microbial consortia tailored to specific. This biotechnological approach not only maximizes output from declining fields but also aligns with the industry's push for more sustainable and cost-effective extraction methods.

 

microbial-enhanced-oil-recovery-market-infographics

 

Market Segmentation

Type:

  • Biosurfactants

  • Biopolymers

  • Bio-solvents

  • Microbial Flooding

  • Selective Plugging

 

Microorganism Type:

  • Indigenous Microorganisms

  • Exogenous Microorganisms

 

Application:

  • Onshore Oil Fields

  • Offshore Oil Fields

 

By Region

North America

  • US

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • Switzerland

  • Russia

  • France

  • Germany

  • U.K

  • Finland

  • Turkey

  • Netherlands

  • Belgium

  • Spain

  • Italy

  • Rest of Europe

 

Asia Pacific

  • India

  • China

  • South Korea

  • Japan

  • Singapore

  • Thailand

  • Indonesia

  • Malaysia

  • Philippines

  • Australia

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • Argentina

  • Uruguay

  • Saudi Arabia

  • Rest of LAMEA

 

North America was the largest region for microbial Enhanced Oil Recovery with a revenue share of 41% in 2023 due to its vast number of old fields and highly developed technologies For instance, producers in Texas have adopted some of the MEOR techniques to develop their mature fields to boost oil production without major costs of EOR. The newest practice identified here involves designing microbial solutions targeted at the geological characteristics of the reservoirs in the area to boost the efficiency of MEOR and assure higher rates of oil retrieval with less harm to the environment.

 

Key Players

  • Schlumberger Limited

  • Baker Hughes

  • Halliburton

  • Chemiphase Ltd

  • Titan Oil Recovery, Inc.

  • DuPont de Nemours, Inc.

  • Gulf Energy SAOC

  • Qingdao Zoranoc Oilfield Chemical Co., Ltd.

  • Environmental BioTechnologies, Inc.

  • StatOil (now Equinor ASA)

Frequently Asked Question About This Report

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Table of Contents

1.    MICROBIAL ENHANCED OIL RECOVERY (MEOR) MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030)
1.1. North America
1.2. Europe
1.3. Asia Pacific
1.4. Latin America
1.5. Middle East & Africa
2.    MICROBIAL ENHANCED OIL RECOVERY (MEOR) MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030)
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Latin America
2.5. Middle East & Africa
3.    MARKET SHARE ANALYSIS – MICROBIAL ENHANCED OIL RECOVERY (MEOR) MARKET
3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume
3.2. Market Share, 2023
3.3. Market By Type and End Use Outlook Analysis
4.    HISTORIC TRENDS IN MICROBIAL ENHANCED OIL RECOVERY (MEOR) MARKET
5.    EMERGING MARKET TRENDS
6.    NORTH AMERICA MICROBIAL ENHANCED OIL RECOVERY (MEOR) MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
6.1. North America Microbial Enhanced Oil Recovery (MEOR) Historical Market ($MILLION), (2017 – 2023)
6.2. North America Microbial Enhanced Oil Recovery (MEOR) Market ($MILLION) and Forecasts (2024 – 2030)
6.3. North America Microbial Enhanced Oil Recovery (MEOR) Market Type ($MILLION), and Forecasts (2024 – 2030), By Type

6.3.1. Biosurfactants
6.3.2. Biopolymers
6.3.3. Bio-solvents
6.3.4. Microbial Flooding
6.3.5. Selective Plugging
6.4. North America Microbial Enhanced Oil Recovery (MEOR) Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
6.4.1. Onshore Oil Fields
6.4.2. Offshore Oil Fields
6.5. North America Microbial Enhanced Oil Recovery (MEOR) Market Type ($MILLION), and Forecasts (2024 – 2030), By Microorganism Type

6.5.1. Indigenous Microorganisms
6.5.2. Exogenous Microorganisms
6.6. North America Microbial Enhanced Oil Recovery (MEOR) Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
6.6.1. USA
6.6.2. Canada
6.6.3. Rest of North America
7.    USA MICROBIAL ENHANCED OIL RECOVERY (MEOR) MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.    EUROPE MICROBIAL ENHANCED OIL RECOVERY (MEOR) MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.1. Europe Microbial Enhanced Oil Recovery (MEOR) Historical Market ($MILLION), (2017 – 2023)
8.2. Europe Microbial Enhanced Oil Recovery (MEOR) Market ($MILLION) and Forecasts (2024 – 2030)
8.3. Europe Microbial Enhanced Oil Recovery (MEOR) Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
8.4. Europe Microbial Enhanced Oil Recovery (MEOR) Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
8.5. Europe Microbial Enhanced Oil Recovery (MEOR) Market Type ($MILLION), and Forecasts (2024 – 2030), By Microorganism Type
8.6. Europe Microbial Enhanced Oil Recovery (MEOR) Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
8.6.1. Germany
8.6.2. France
8.6.3. UK
8.6.4. Italy
8.6.5. Spain
8.6.6. Rest of Europe
9.    APAC MICROBIAL ENHANCED OIL RECOVERY (MEOR) MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
9.1. APAC Microbial Enhanced Oil Recovery (MEOR) Historical Market ($MILLION), (2017 – 2023)
9.2. APAC Microbial Enhanced Oil Recovery (MEOR) Market ($MILLION) and Forecasts (2024 – 2030)
9.3. APAC Microbial Enhanced Oil Recovery (MEOR) Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
9.4. APAC Microbial Enhanced Oil Recovery (MEOR) Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
9.5. APAC Microbial Enhanced Oil Recovery (MEOR) Market Type ($MILLION), and Forecasts (2024 – 2030), By Microorganism Type
9.6. APAC Microbial Enhanced Oil Recovery (MEOR) Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
9.6.1. China
9.6.2. Japan
9.6.3. South Korea
9.6.4. India
9.6.5. Australia
9.6.6. Rest of APAC
10.    LATIN AMERICA MICROBIAL ENHANCED OIL RECOVERY (MEOR) MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
10.1. Latin America Microbial Enhanced Oil Recovery (MEOR) Historical Market ($MILLION), (2017 – 2023)
10.2. Latin America Microbial Enhanced Oil Recovery (MEOR) Market ($MILLION) and Forecasts (2024 – 2030)
10.3. Latin America Microbial Enhanced Oil Recovery (MEOR) Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
10.4. Latin America Microbial Enhanced Oil Recovery (MEOR) Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
10.5. Latin America Microbial Enhanced Oil Recovery (MEOR) Market Type ($MILLION), and Forecasts (2024 – 2030), By Microorganism Type
10.6. Latin America Microbial Enhanced Oil Recovery (MEOR) Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
10.6.1. Brazil
10.6.2. Argentina
10.6.3. Rest of Latin America
11.    COMPANY PROFILES:
11.1. Schlumberger Limited
11.1.1. Company Overview  
11.1.2. Company Snapshot  
11.1.3. Operating business segments
11.1.4. Product offered and Revenue
11.1.5. Production & Sales
11.2. Baker Hughes
11.3. Halliburton
11.4. Chemiphase Ltd
11.5. Titan Oil Recovery, Inc.
11.6. DuPont de Nemours, Inc.
11.7. Gulf Energy SAOC
11.8. OTHER MARKET PLAYERS